Form 4: Renasant Corp Director Edward Robinson McGraw Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Edward Robinson McGraw, a director and COB & Exec Chair of Renasant Corp, reports the acquisition and disposal of common stock related to restricted stock vesting and tax obligations.
Summary
- On April 22, 2025, Edward Robinson McGraw, a director at Renasant Corp, reported changes in his beneficial ownership of the company's common stock.
- He disposed of 1,033 shares to cover tax obligations related to previously reported service-based restricted stock that vested on April 22, 2025.
- The shares were disposed of at a price of $27.91.
- McGraw also acquired 2,582 shares of service-based restricted stock under the 2020 Long Term Incentive Plan, which will vest on April 28, 2026.
- Following these transactions, McGraw beneficially owns 243,743 shares of Renasant Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.
Positives
- The acquisition of 2,582 shares of restricted stock indicates continued alignment of the director's interests with the long-term performance of the company.
Future Outlook
The newly acquired restricted stock will vest on April 28, 2026.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing is typical for executives receiving and vesting restricted stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of original service-based restricted stock award. |
| 04/22/2025 | Date of transaction and vesting of restricted stock. |
| 04/23/2025 | Date of signature on the Form 4 filing. |
| 04/28/2026 | Vesting date for the newly acquired service-based restricted stock. |
Keywords
beneficial ownership, Form 4, Renasant Corp, RNST, Edward Robinson McGraw, restricted stock, insider trading
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